Industrial - Debt

NorthMarq Capital

NorthMarq Capital’s New York City office arranges acquisition financing of $26.9 million for distribution center in Lithia Springs, Georgia

NEW YORK CITY (July 9, 2018) – Keith Braddish, senior vice president/managing director of NorthMarq Capital’s New York City metro office, arranged acquisition financing of $26.9 million for Lithia Springs Distribution Center, a 617,969 sq. ft. industrial property located at 7705 Staples Drive in Lithia Springs, Georgia. The transaction was structured with a 3-year term with two one-year extensions. NorthMarq arranged financing for the borrower through its relationship with a bridge lender. 

“The property is a 100 percent vacant, state-of-the-art, infill distribution/manufacturing facility located in the Terminus West Business Park in Lithia Springs. Latitude Management Real Estate Investors, Inc. executed flawlessly for this repeat borrower. They recognized the intrinsic value of the improvements and the deep tenant pool associated with this infill Atlanta location,” said Braddish.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.